Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...

ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," the "Company," "we," or "our") (NYSE:GTN) announced today the commencement of an offer to purchase for cash (the "Tender Offer"), subject to certain terms and conditions, any and all of its outstanding 5.875% Senior Notes due 2026 (the "Notes"). The Tender Offer is being made pursuant to the Offer to Purchase dated May 20, 2024 (the "Offer to Purchase"), which sets forth a more detailed description of the Tender Offer, including the te ...

ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE:GTN) announced today that it intends to offer up to $1 billion aggregate principal amount of senior secured first lien notes due 2029, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). In connection with the offering of notes, Gray expects to (i) incur up to $750 million of a new tranche F term loan with a maturit ...

ATLANTA, May 15, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," the "Company," "we," or "our") (NYSE:GTN) announced today the commencement of a refinancing process for its existing $1.15 billion term loan due 2026 and up to $450 million of its 5.875% senior notes due 2026, with the goal of extending a significant portion of its near-term debt maturities. Overall, the Company is targeting refinancing that outstanding debt with approximately $750 million of new senior secured term loans maturing in 2 ...

ATLANTA, May 13, 2024 (GLOBE NEWSWIRE) -- Gray Television Inc. ("Gray") (NYSE:GTN) is pleased to announce an agreement to bring select American Association of Professional Baseball (AAPB) games to free, over-the-air local television stations in multiple Midwestern markets and across three of Gray's local sports networks: Arizona Family Sports in Arizona, Peachtree Sports Network in Georgia, and Silver State Sports and Entertainment Network in Nevada. The AAPB is a Professional Partner League of Major League ...

ATLANTA, May 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on June 28, 2024, to shareholders of record at the close of business on June 14, 2024. About Gray Television: We are a multimedia company headquartered in Atlanta, Georgia and the nation's largest owner of top- rated local television stations and digital ...

财务数据和关键指标变化 - 第一季度净收益为7500万美元,每股摊薄收益0.79美元 [10] - 调整后EBITDA为1.97亿美元,同比增长21% [10] - 公司继续专注于偿债,4月1日使用5000万美元现金提前偿还部分贷款 [10] 各条业务线数据和关键指标变化 - 第一季度核心广告收入同比增长4%,反映了汽车和国家广告类别的增长 [9][10] - 数字业务也表现良好,第一季度创下新的受众互动和数字收入记录,CTV和快速频道收入同比增长超过三倍 [21][22] - 公司成功将NBA和WNBA的部分比赛引入广播电视,为当地观众和广告商带来新的机会 [23] 各个市场数据和关键指标变化 - 公司覆盖了7个最具竞争力的总统摇摆州,在3个州拥有主导地位,在另外3个州也有很强的存在 [13][14] - 公司在9个州中的11个州长竞选和26个州参议员竞选中拥有领先的当地新闻电视台 [14] - 公司所有市场都有众议院选举,许多市场还有激烈的初选或总统选举 [14] 公司战略和发展方向及行业竞争 - 公司已基本完成Assembly Studios的建设,并与NBCU签订了长期租约,未来将为公司带来长期稳定的现金流 [16][17] - 公司将继续专注于偿债和去杠杆,并授权最高2.5亿美元的债务回购计划 [48] - 公司认为广播电视行业的覆盖范围和效率正在被观众、广告商、体育联盟和球队重新发现和确认 [18] 管理层对经营环境和未来前景的评论 - 公司对2024年全年核心广告收入超过2019年的水平持乐观态度,尽管预计会受到强劲的政治广告收入的挤占 [11] - 公司预计2024年第二季度政治广告收入将比2020年同期高55%-72% [13] - 公司认为NEXTGEN TV的部署正在加快,未来几年将带来新的收入机会 [34][35][36][37] 问答环节重要的提问和回答 问题1 **Daniel Kurnos 提问** 询问公司核心广告收入的可持续性和超越2019年水平的原因 [59][60][61] **Pat LaPlatney 和 Sandy Breland 回答** 公司通过投资培训销售团队、专注于新的本地直接业务以及提供优质内容和排名领先的电视台,实现了核心广告收入的持续增长 [59][60][61] 问题2 **Aaron Watts 提问** 询问公司在当前宏观环境下如何看待核心广告收入的前景 [64][65][66][67] **Pat LaPlatney 和 Hilton Howell 回答** 公司认为本地企业整体经营良好,各主要广告类别都有增长,公司专注的本地直接业务是关键 [64][65][66][67][70] 问题3 **Steven Cahall 提问** 询问公司在网络分成协议方面的策略和计划 [77][78] **Kevin Latek 回答** 公司目前没有提前重新谈判网络分成协议的计划,会等到现有协议到期后再进行谈判,届时会根据行业变化调整分成条款 [77][78]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________ to _________ . Commission file number: 1-13796 Gray Television, Inc. (Exact name of registrant as specified in its charter) Georgia 58-0285030 (Stat ...

Exhibit 99.1 NEWS RELEASE Gray’s Operating Results for the First Quarter Driven by Continued Strong Demand and Execution; Gray Announces New $250 Million Debt Repurchase Authorization Atlanta, Georgia – May 7, 2024. . . Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2024, reflecting our total revenue of $823 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $632 m ...

ATLANTA, May 07, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE:GTN) today announced financial results for the first quarter ended March 31, 2024, reflecting our total revenue of $823 million and total operating expenses (before depreciation, amortization and loss on disposal of assets) of $632 million. Overall, we believe that our businesses have started 2024 in a strong position. The first quarter of 2024 produced strong core advertising results, including $372 million ...